IPO-bound LIC’s $130B equity holdings are its magic potion—and its Achilles’ heel – The Ken

(This column first appeared in The Ken on February 17, 2022)

How often do you come across an initial public offering (IPO) where the company’s investments are of as much interest to potential investors as its core business? But then, few boast of a portfolio with sizeable holdings in some of India’s most valuable companies—Reliance Industries, State Bank of India, and Infosys, among others…

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